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$1 Billion USDT Minted Again as Stablecoin Supply Surges

$1 Billion USDT Minted Again as Stablecoin Supply Surges

Over the past three days, a total of $3 billion in stablecoins were minted, including $2 billion in USDT and $1 billion in USDC.

USDT
USDC

Fact Check
Multiple, independent news sources confirm that Tether has minted $1 billion in USDT on several different occasions, including very recently ('8 hours ago', '4 days ago'). This recurring action validates the 'again' part of the statement and directly contributes to the overall growth of the stablecoin supply.
    Reference: 12
Summary

A total of $3 billion in stablecoins have been minted over the last three days, with $2 billion in USDT and over $1 billion in USDC entering circulation. This marks a significant surge in stablecoin issuance.

Terms & Concepts
  • USDT: Tether (USDT) is a stablecoin pegged to the U.S. dollar, widely used for transactions and as a store of value in the cryptocurrency market.
  • USDC: USD Coin (USDC) is a stablecoin backed by the U.S. dollar, used to maintain value stability and facilitate efficient digital transactions.